CONCURRENT SESSIONS (SELECT B1, B2 or B3)
TECHNOLOGICAL DISRUPTION & TRANSFORMATION: IMPLICATIONS FOR THE REAL ESTATE MARKET LEADING TO INNOVATIVE STRATEGIES
PropTech hits warp speed as Real Estate has been slow to introduce significant technological changes, but the impact of Coronavirus has made it a necessity.
COVID-19 has fundamentally changed what is essential and what is nice to have in the commercial property sector. PropTech is now an essential tool. The Global Financial Crisis has been credited with accelerating FinTech and transforming the previously stagnant financial sector. Now COVID-19 is set to do the same with PropTech in commercial real estate, and the effects will be even more far reaching. One of the advantages of coming after FinTech is that lessons have been learnt about not being seduced by buzzwords and superfluous solutions. This session will examine what are the strategies some of the big owner are adopting.
Jenny-Kate Sgarbi, Commercial Real Estate Consultant
Julia Arlt, Global Digital Real Estate Leader, PwC Vienna
Linda Isaacson, Managing Director, Global Head of Innovation & Technology, Ferguson Partners Ltd.
François Lacoursière, Senior Vice President, Innovation, Ivanhoé Cambridge
Quentin Nahum, Senior Manager, Portfolio Strategy and Management, PSP Investments
IS MONTRÉAL RUNNING OUT OF INDUSTRIAL REAL ESTATE? WHY IS IT OUTPERFORMING MOST EXPECTATIONS? WHAT LIES AHEAD?
The industrial market has been on an accelerated and major comeback trail for the past four years. Notwithstanding absorption of 4 million sq.ft. in 2019, the vacancy rate still declined to 2.6%. The strong appetite for industrial sites, coupled with low availability, remain concerns for space users. The upward pressure on asking rents resulted in a 15% annual increase and a 25% increase compared to the first quarter of 2019. On the renewal side, this rental rate pressure is impacting the market and is acting as a constraint on many companies who are looking to relocate in order to remain lucrative. The arrival of influential e-commerce and distribution centres are bringing new standards to the industry and forcing older buildings to be repositioned to remain competitive with mixed-use purposes. Two significant customer fulfillment centres will be delivered in 2020 and 2021 for Amazon and Sobeys respectively.
Paul-Éric Poitras, Managing Partner, NAI Terramont
Steven Bouffard, Executive Director, Leasing, Office & Industrial, Cominar REIT
Charlie Deeks, Chief Investment Officer, PIRET
Valerie Khalemska, Senior Account Manager, Drone Delivery Canada
Sam Tsoumas, Partner, RoseFellow
WHAT IS THE DATA TELLING US?
Many real estate firms have long made decisions based on a combination of intuition and traditional, retrospective data. Today, a host of new variables make it possible to paint more vivid pictures of a location’s future risks and opportunities. An In dept look at some of the data that property owners have collected over the past few months, what can we understand from this? Can we see a back to work trends? What conclusions can we make with this precious data? How can it help us with the next pandemic?
Sheila Botting, President, Americas Professional Services, Avison Young
Steven Pacifico, Director, Sustainability & Innovation, Epic Investment Services
E.Y Park, Director, Director, Data Platform Capabilities & Engineering, Oxford Properties Group
John Sikaitis, Chief Innovation Officer, Avison Young
Raymond Wong, Vice President, Data Operations, Altus Group